Jobless claims: Another 853,000 Americans filed new unemployment claims last week
Many more Americans filed new unemployment claims last week than during the previous week, as a resurgence in COVID-19 cases heading into the winter led to more business-constraining social distancing restrictions and pushed more people out of work.
The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results in the report, compared to consensus estimates compiled by Bloomberg:
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Initial jobless claims, week ended Dec. 5: 853,000 vs. 725,000 expected and 712,000 during the prior week
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Continuing claims, week ended Nov. 28: 5.757 million vs. 5.21 million expected and 5.552 million during the prior week